Queensryche Looking For Investors
Attorney Marc LoPresti helped the group set up the limited liability company (LLC) and he says this could just be the start of similar projects. He tells the Seattle Times: "We think it's a first. If it's successful, which we expect it to be, we may do it again with other bands."
LoPresti reckons the stock sale could replace a label's usual role in financing tours and album recording sessions - and would mean more money for the band and investors as the label wouldn't be taking such a big slice of the profits. Read more here.
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